Liquidity Events of Default. If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.5(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.
Liquidity Events of Default. Section 6.01.
Liquidity Events of Default. (a) If any Liquidity Event of Default has occurred and is continuing and there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) this Agreement to expire at the close of business on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(c) hereof and Section 3.05(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon and (iv) subject to Sections 2.07 and 2.09, all Advances, any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.
(b) If the aggregate Pool Balance of the Class B Certificates is greater than the aggregate outstanding principal amount of the Series B Equipment Notes (other than any Series B Equipment Notes previously sold by the Borrower or with respect to which the Aircraft related to such Series B Equipment Notes has been disposed of by the Loan Trustee) at any time during the 18-month period ending on February 15, 2025, the Liquidity Provider may, in its discretion, deliver to the Borrower a Special Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to terminate on the fifth Business Day after the date on which such Special Termination Notice is received by the Borrower and American, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Special Termination Advance in accordance with Section 2.02(d) hereof and Section 3.05(k) of the Intercreditor Agreement, and (iii) subject to Sections 2.07 and 2.09, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), to be automatically treated as Special Termination Drawings (as defined in the Intercreditor Agreement).
Liquidity Events of Default. 22 ARTICLE VII MISCELLANEOUS
Liquidity Events of Default. If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Equipment Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) and Section 3.6(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into
Liquidity Events of Default. 20 ARTICLE VII MISCELLANEOUS....................................................................................... 20
Liquidity Events of Default. 22 ARTICLE VII MISCELLANEOUS
Section 7.01 No Oral Modifications or Continuing Waivers................... 22 Section 7.02 Notices....................................................... 23 Section 7.03 No Waiver; Remedies........................................... 23 Section 7.04
Liquidity Events of Default. If any Liquidity Facility Event of Default has occurred and is continuing, then the Initial Liquidity Facility Provider may, in its discretion, deliver to the Administrative Agent a Termination Notice, and this Agreement shall expire at the close of business on the fifth Business Day after the date on which such Termination Notice is received by the Administrative Agent. Upon receipt of such Termination Notice, (i) the Administrative Agent shall promptly request, and the Initial Liquidity Facility Provider shall promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.14(i) of the Indenture, (ii) all other outstanding Advances shall be automatically converted into Final Advances for purposes of determining the interest payable thereon and (iii) subject to Sections 2.07 and 2.09, all Advances, any accrued interest thereon and any other amounts outstanding hereunder shall become immediately due and payable to the Initial Liquidity Facility Provider.
Liquidity Events of Default. 21 ARTICLE VII MISCELLANEOUS Section 7.01 No Oral Modifications or Continuing Waivers...........................................21 Section 7.02 Notices...............................................................................21 Section 7.03 No Waiver; Remedies...................................................................22 Section 7.04 Further Assurances....................................................................22 Section 7.05 Indemnification; Survival of Certain Provisions.......................................22 Section 7.06 Liability of the Liquidity Provider...................................................23 Section 7.07 Certain Costs and Expenses............................................................23 Section 7.08 Binding Effect; Participations........................................................24 Section 7.09 Severability..........................................................................25 Section 7.10 Governing Law.........................................................................25 Section 7.11 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity..................25 Section 7.12 Counterparts..........................................................................26 Section 7.13 Entirety..............................................................................26 Section 7.14 Headings..............................................................................26 Section 7.15 Liquidity Provider's Obligation to Make Advances......................................26 Annex I - Interest Advance Notice of Borrowing Annex II - Non-Extension Advance Notice of Borrowing Annex III - Downgrade Advance Notice of Borrowing Annex IV - Final Advance Notice of Borrowing Annex V - Notice of Termination Annex VI - Notice of Replacement Subordination Agent REVOLVING CREDIT AGREEMENT This REVOLVING CREDIT AGREEMENT, dated as of November 21, 2001, is made by and between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Subordination Agent (such term and other capitalized terms used herein without definition being defined as provided in Article I) under the Intercreditor Agreement (as defined below), as agent and trustee for the Class C Trustee (in such capacity, together with its successors in such capacity, the "Borrower"), and WESTDEUTSCHE LANDESBANK GIROZENTRALE, a German banking institution organized und...
Liquidity Events of Default. If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, at its option, make a Final Advance to the Borrower before 12:00 Noon (New York City time) on a Business Day in accordance with Section 2.02(d) whereupon (i) the Liquidity Provider shall have no further obligation to make Advances hereunder, (ii) all other outstanding Advances shall be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iii) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Downgrade Advance and Applied Downgrade Advance), any accrued interest thereon and any other amounts outstanding hereunder shall become immediately due and payable to the Liquidity Provider. Any payment in respect of a Final Advance shall be made in the lawful money of the United States of America, to the Borrower in immediately available funds, by wire transfer to Wilmington Trust Company, One Rodnxx Xxxare, 1100 X. Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000, XXA No. 031-000-000, Xxcount No. 42216-1, Attention: Corporate Trust Administration, Reference: Continental 1997-2 Class C Cash Collateral Account (or to such other account as the Borrower may from time to time designate to the Liquidity Provider for such purpose).
